ORLANDO, Fla., Nov. 6, 2007 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., announced that it has initiated research coverage on Alternative Construction Technologies, Inc. (OTCBB:ACCY), a leader in the production of structural insulated panel systems (SIPs) used in the construction of institutional, residential, and commercial buildings.
ACCY's structural insulated panel systems answer the needs of "green" conscious builders and consumers. The Company's SIP systems offer substantially reduced build time, reduction in heating and air conditioning costs of up to 50 percent, increased protection from natural disasters and environmentally friendly and socially responsible materials. Although there are several companies that compete in the category, to date, ACCY knows of no other companies providing the quality and strength, nor all the features and benefits that ACCY SIPs panels can claim. ACCY believes their ACTech(r) Panel has competitive advantages due to the added strength of galvanized steel skin, as compared to a wood-based product, particularly for resistance to fire, moisture, mold and mildew. The raking, stacking and wind shear load and the projectile strength ratings also show ACTech(r) Panel is a superior product.
Piyali Chakravarty, MBA, RedChip Research Analyst, reports:
"We are initiating coverage of Alternative Construction Technologies, Inc. with a Buy rating and a 12-month target price of $12.28. We believe that ACCY offers a compelling investment opportunity in the micro-cap general building materials space. With a current market cap of less than $46 million, ACCY is undervalued given the expected trajectory of near-term revenue growth, the unique compelling advantages of its product relative to competing ones and the large ultimate market potential of the company's product offering."
To receive a complimentary copy of the RedChip Visibility Initial Research Report for ACCY, please visit:
http://www.redchip.com/visibility/about.asp?page=requestACCY_initial
About RedChip Companies, Inc.
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Disclosures
The analysts contributing to this report do not hold any shares of ACCY. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. ACCY is a client of RedChip Visibility, a division of RedChip Companies. RedChip Visibility has been contracted by ACCY to increase investor awareness of ACCY to the small-cap equity community. These services may include investor conferences and digital and print distribution of ACCY investor related materials. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that RedChip was hired by the Company and receives a fee of $100,000 in cash for twelve months of investor relations services.